Strata Wealth Advisors LLC Increases Holdings in Costco Wholesale Co. (NASDAQ:COST)

Strata Wealth Advisors LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 4.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 600 shares of the retailer’s stock after purchasing an additional 27 shares during the period. Strata Wealth Advisors LLC’s holdings in Costco Wholesale were worth $550,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of COST. AMF Tjanstepension AB acquired a new position in Costco Wholesale during the third quarter worth about $42,896,000. Swedbank AB raised its position in shares of Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after purchasing an additional 6,495 shares during the last quarter. Raleigh Capital Management Inc. lifted its stake in Costco Wholesale by 9.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 406 shares of the retailer’s stock valued at $360,000 after buying an additional 35 shares in the last quarter. Calton & Associates Inc. acquired a new stake in Costco Wholesale during the 3rd quarter valued at $211,000. Finally, Harbor Advisory Corp MA purchased a new position in Costco Wholesale during the third quarter worth $242,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on COST. Citigroup increased their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Loop Capital raised their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, February 3rd. Robert W. Baird raised their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Evercore ISI boosted their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Up 0.6 %

Shares of Costco Wholesale stock opened at $1,062.54 on Thursday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The stock has a market cap of $471.66 billion, a price-to-earnings ratio of 62.39, a price-to-earnings-growth ratio of 6.37 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $973.78 and a 200 day moving average price of $928.24.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.